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MARKET SNAPSHOT: Stock Market Bounces Around As Wall Street Awaits Fed's 'great Unwind'
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Headlines
Wednesday, 20 September
Toshiba to sell chip unit to Bain Capital-led group for $18 billion
2h ago - TOKYO (Reuters) - Japan's Toshiba Corp (>> Toshiba Corp) agreed on Wednesday to sell its prized semiconductor business to a group led by U.S. private equity firm Bain Capital LP, a key step in keeping the struggling Japanese conglomerate listed on the Tokyo exchange.
How $5 billion of debt caught up with Toys 'R' Us
4h ago - (Reuters) - Toys "R" Us Inc has been making $400 million (£296 million) in interest payments on its debt every year, largely due to its $6.6 billion leveraged buyout in 2005. This week, it succumbed to its debt burden, leading to the biggest bankruptcy of a U.S. retailer since that of Kmart in 2004.
As Apple slows, fast-moving Chinese rivals gain in wealthy markets
1h ago - HONG KONG/SINGAPORE (Reuters) - Slowing innovation at iPhone maker Apple (>> Apple) gives Asian rivals their best chance yet to conquer developed markets, retailers and consumers say - thanks to better designs and lower prices.
E.ON In Advanced Negotiations Regarding An Agreement According To Which It Would Have The Right To Decide To Tender Its Remaining Uniper Stake In The Course Of A Public Takeover Offer By Fortum In Early 2018
6h ago -
Alibaba-backed Best Inc raises $450 million in IPO after slashing terms
13h ago - HONG KONG (Reuters) - Chinese logistics firm Best Inc priced its U.S. initial public offering at the bottom of expectations, raising $450 million after it revised terms of the deal to cope with tepid investor demand.
Thyssenkrupp And Tata Steel Sign Memorandum Of Understanding For A 50/50 Joint Venture Of Their European Steel Activities
11h ago -
Inditex 1st Half Net Profit, Sales Rose on Growth Across Markets
10h ago -
Falling Yogurt Sales Drag General Mills' Earnings--Update
3h ago -
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